USD/JPY analysis of the week (4h candlesticks)

  @ibtimes on

The parity continue its bearish movement and is going to test the support at 89.29 (level 50%). The break out of this level will give a new sell signal. The next objective is at 88.23 (level 61.80%). We maintain to trade only shorts positions as far as 90.5 is resistance. A correction is however likely to happen on 89.29 given the fact that the RSI is in the oversold zone.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video